He Qian, Chairman Of Chongqing Department Store, Took Over Liu Weili.

Less than P, about a month after the resignation of former chairman Liu Weili, the Limited by Share Ltd of Chongqing department store (600729.SH, hereinafter referred to as "Chongqing department store") finally welcomed the new chairman.

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< p > Chongqing department store issued the sixth seventeen meeting of the board of directors resolution announcements. It voted to vote on the motion to elect the sixth chairman of the board of directors, and elected Mr. He Qian as the sixth board of directors of the company. < /p >

< p > chairman, until September 14, 2015.

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In March 24th this year, Liu Weili submitted his resignation to the board of directors of Chongqing department store, P.

Then in March 26th, Chongqing department store announced the resignation of former chairman Liu Weili.

For the reasons for Liu Weili's resignation, Chongqing department store said it was "a" href= "//www.sjfzxm.com/news/index_c.asp" and resigned "/a" because of its work reasons.

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< p > according to industry insiders, He Qian served as general manager of Chongqing business group.

According to the official website of Chongqing business group, comrade He Qian was appointed chairman of the business group and Secretary of the Party committee according to the decision of the Chongqing municipal Party committee to adjust the main leaders of the business group.

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< p > in addition, the meeting identified the members of the sixth strategic committee of Chongqing department store: He Qian (Chairman), Xiao Shixin (director), Chang Yundong (director), Zhang Xinrong (independent director) and Zhao Hua (independent director). He was appointed member of the board of directors of the board of directors and served as the convenor of the strategy committee.

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In P fiscal year 2013, Chongqing department store realized 30 billion 246 million yuan of business revenue, an increase of 7.48% compared with the same period last year, of which net profit was 784 million yuan, an increase of 13.25% compared with the same period last year.

The weighted average return on net assets is 22.45%.

By contrast, the performance of Chongqing department stores last year was at a moderate level in retail listed companies.

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< p > Chongqing department store believes that the increase of its < a href= "//www.sjfzxm.com/news/index_c.asp" > business income < /a > benefits from deepening the resource integration, deepening the structural adjustment, strengthening the management of key brands, speeding up the development and construction of business outlets, and promoting promotional activities at the right time.

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< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > Chongqing department store < /a > management has revealed in the 2013 annual work summary that the company is committed to basing itself on the southwest region and taking Chongqing county and southwest region as the strategic expansion focal point, and the goal is to become the "largest business leader in the southwest region".

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< p > the recent research report of the leading securities indicates that there is a big room for improvement in gross margin and cost rate of Chongqing department stores. With further integration of business, the company will promote its performance improvement through extension and internal synergy.

It also predicts that the company EPS in 2014 ~2015 will be 2.25 yuan and 2.62 yuan respectively.

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< p > however, sales growth of large and high-end retail enterprises is under greater pressure due to multiple factors such as economic environment, macro policy and intensified electricity supplier impact.

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By the end of 2013, Chongqing department store had 228 business outlets, of which 53 were department stores, 148 were supermarket formats, and 27 had 27 electrical appliances.

It is reported that in 2014, Chongqing department store estimated its operating income of 32 billion 666 million yuan, total profit of 1 billion 20 million yuan, and 12 new outlets.

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